Taseko Mines Ltd (NYSEMKT:TGB) Given Consensus Recommendation of “Hold” by Analysts
Taseko Mines Ltd (NYSEMKT:TGB) (TSE:TKO) has been given an average recommendation of “Hold” by the six brokerages that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $0.50.
TGB has been the subject of several recent research reports. Zacks Investment Research lowered shares of Taseko Mines from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 26th. ValuEngine raised shares of Taseko Mines from a “hold” rating to a “buy” rating in a report on Friday, June 16th.
Shares of Taseko Mines (NYSEMKT TGB) traded up 2.50% during trading on Tuesday, reaching $1.23. 534,810 shares of the company’s stock traded hands. Taseko Mines has a 1-year low of $0.41 and a 1-year high of $1.63. The stock has a 50-day moving average of $1.24 and a 200-day moving average of $1.22. The company’s market capitalization is $278.16 million.
A number of large investors have recently added to or reduced their stakes in TGB. Norges Bank bought a new position in Taseko Mines during the fourth quarter worth approximately $869,000. Renaissance Technologies LLC increased its position in Taseko Mines by 18.5% in the fourth quarter. Renaissance Technologies LLC now owns 3,137,900 shares of the mining company’s stock worth $2,675,000 after buying an additional 490,700 shares during the period. CIBC World Markets Inc. increased its position in Taseko Mines by 23.3% in the first quarter. CIBC World Markets Inc. now owns 299,009 shares of the mining company’s stock worth $395,000 after buying an additional 56,530 shares during the period. Acadian Asset Management LLC increased its position in Taseko Mines by 399.6% in the first quarter. Acadian Asset Management LLC now owns 2,274,194 shares of the mining company’s stock worth $2,998,000 after buying an additional 1,819,034 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Taseko Mines by 147.1% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 135,530 shares of the mining company’s stock worth $179,000 after buying an additional 80,686 shares during the period.
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Taseko Mines Company Profile
Taseko Mines Limited is a mining company. The Company is principally engaged in the production and sale of metals, as well as related activities, including exploration and mine development, within the province of British Columbia, Canada and the State of Arizona, the United States. Its projects represent a range of metals, including gold, copper and niobium.
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